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Cargo Volumes In Panamanian Ports Up 4.7% To 7.3m TEUs

Thursday, 23 January 2020 | 12:00

In 2019, cargo volumes in Panamanian ports totaled 7,346,859 TEUs, up 4.7% compared with the year before when cargo volumes showed a slight growth of 1.7% to 7.014, 410teu.

“In 2018, Panamanian ports hit the 7MTEUs milestone for the first time and just last year cargo volumes increased by 4.7% to 7.34mteu of cargo volumes, making 2019 the best port performance,” said Noriel Arauz, Administrator of the Panama Maritime Authority (AMP) and Minister of Maritime Affairs. “We expect this positive trend to continue in 2020,” he added.

“I am pleased to announce that, as part of the commitment made in the first days of my appointment as Administrator of the AMP that as of April 1st, the institution will call a tender for the Design and Construction of the new multipurpose dock for Puerto Armuelles,” said the AMP Administrator. Puerto Armuelles is located on the Pacific side, in the west-northern province of Chiriqui, close to the border with Costa Rica.

This future new 285m-international pier will contribute to economic dynamism and above all, will provide the boost needed by the maritime sector of the province of Chiriqui,” said Arauz. The construction of a two-floor building will house the Seafood
Market and the Administrative Offices of the AMP for the needs of the new international dock.

“In March we will begin the selection process, we estimate that by the end of this year or early next year, construction will begin and that between December 2022 and January 2023, the new international pier will 100% operational,” said the AMP Administrator.

By mid-2020, le Cruise Terminal located in Amador, on the Pacific side, will be completed and ready to receive the biggest cruise vessels. A tender was called in late December for the management and operations of the cruise terminal and the future operator is likely to be announced in the first quarter of 2020.
Source: Panama Maritime Authority

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